Question

Classify each of the following as:Trading security (T)Available-for-sale security (A)Held-to-maturity security (H)None of the above (N)_____ 1. A bond that management plans on owning until it is repaid. Management does not believe it will need to sell the bond to generate cash before the bond’s scheduled maturity date._____ 2. Land that management is holding as an investment._____ 3. Intel stock that company management plans on selling quickly, as soon as its price is 10% more than what the company paid at the time it purchased the stock._____ 4. Ford Motor Company stock. Management does not actively manage this stock and intends to sell it only if they need to generate cash._____ 5. A bond that management plans on owning until it is repaid. However, management believes it may have to sell the bond within the year in order to provide enough cash for operations._____ 6. Inventory that management intends to sell within the year.